Starz Entertainment (NASDAQ:STRZ) Stock: Insider Allen Family Capital, Llc Sells 43,295 Shares

Key Points

• Allen Family Capital sold 43,295 Starz shares at an average price of $26.72, generating approximately $1.16 million and reducing its position by 3.08% to 1.36 million shares. The insider has also made several larger sales recently.
• Starz shares fell 3.4% to $21.74, while the company reported a steep quarterly loss of $11.27 per share versus the $0.59 analyst consensus estimate; revenue totaled $307.9 million.
• Analyst sentiment remains mixed but leans positive, with a consensus “Moderate Buy” rating and an average price target of $32.71, despite sell and hold ratings from some firms.

Starz Entertainment Corp. (NASDAQ:STRZ - Get Free Report) major shareholder Allen Family Capital, Llc sold 43,295 shares of the company's stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $26.72, for a total value of $1,156,842.40. Following the completion of the sale, the insider owned 1,360,491 shares in the company, valued at approximately $36,352,319.52. This represents a 3.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.

Allen Family Capital, Llc also recently made the following trade(s):

• On Tuesday, September 29th, Allen Family Capital, Llc sold 363,786 shares of Starz Entertainment stock. The shares were sold at an average price of $21.06, for a total transaction of $7,661,333.16.
• On Monday, September 28th, Allen Family Capital, Llc sold 124,069 shares of Starz Entertainment stock. The shares were sold at an average price of $21.58, for a total value of $2,677,409.02.
• On Tuesday, September 22nd, Allen Family Capital, Llc sold 115,931 shares of Starz Entertainment stock. The stock was sold at an average price of $25.80, for a total transaction of $2,991,019.80.
• On Monday, September 21st, Allen Family Capital, Llc sold 249,255 shares of Starz Entertainment stock. The shares were sold at an average price of $25.96, for a total value of $6,470,659.80.
• On Friday, September 18th, Allen Family Capital, Llc sold 745 shares of Starz Entertainment stock. The stock was sold at an average price of $25.02, for a total value of $18,639.90.
• On Thursday, September 17th, Allen Family Capital, Llc sold 93,834 shares of Starz Entertainment stock. The stock was sold at an average price of $25.14, for a total value of $2,358,986.76.
• On Wednesday, September 16th, Allen Family Capital, Llc sold 17,700 shares of Starz Entertainment stock. The shares were sold at an average price of $27.48, for a total value of $486,396.00.
• On Tuesday, September 15th, Allen Family Capital, Llc sold 38,466 shares of Starz Entertainment stock. The stock was sold at an average price of $27.33, for a total transaction of $1,051,275.78.
• On Tuesday, September 1st, Allen Family Capital, Llc sold 140,712 shares of Starz Entertainment stock. The stock was sold at an average price of $26.25, for a total value of $3,693,690.00.
• On Monday, August 31st, Allen Family Capital, Llc sold 59,288 shares of Starz Entertainment stock. The stock was sold at an average price of $26.31, for a total value of $1,559,867.28.

Starz Entertainment Trading Down 3.4%

Shares of NASDAQ STRZ traded down $0.76 during midday trading on Thursday, reaching $21.74. 493,168 shares of the stock were exchanged, compared to its average volume of 195,830. Starz Entertainment Corp. has a twelve month low of $8.40 and a twelve month high of $32.58. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.25 and a current ratio of 0.25. The stock has a market capitalization of $372.19 million, a P/E ratio of -0.85 and a beta of 2.55. The company has a 50 day simple moving average of $24.91 and a 200 day simple moving average of $20.44.

Starz Entertainment (NASDAQ:STRZ - Get Free Report) last issued its quarterly earnings data on Friday, August 7th. The company reported ($11.27) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.59) by ($10.68). Starz Entertainment had a negative return on equity of 25.64% and a negative net margin of 33.98%. The business had revenue of $307.90 million for the quarter. As a group, equities analysts expect that Starz Entertainment Corp. will post -6.12 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on STRZ. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $30.00 price target on shares of Starz Entertainment in a research report on Tuesday, August 18th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Starz Entertainment in a report on Tuesday. Wall Street Zen downgraded shares of Starz Entertainment from a "hold" rating to a "sell" rating in a report on Saturday, July 25th. Citigroup began coverage on shares of Starz Entertainment in a report on Monday, September 14th. They issued an "outperform" rating for the company. Finally, Morgan Stanley set a $30.00 target price on Starz Entertainment in a research report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $32.71.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Legal & General Group Plc acquired a new stake in shares of Starz Entertainment in the 2nd quarter worth approximately $34,000. Persistent Asset Partners Ltd acquired a new position in shares of Starz Entertainment in the 2nd quarter valued at about $196,000. State of Wyoming purchased a new position in Starz Entertainment in the third quarter valued at about $184,000. Deutsche Bank AG acquired a new stake in shares of Starz Entertainment in the 2nd quarter valued at $342,000. Finally, Ratan Capital Management LP bought a new position in shares of Starz Entertainment in the 2nd quarter valued at approximately $368,000.

Starz Entertainment Company Profile

Starz Entertainment Corp. is a media and entertainment company that operates premium subscription television and streaming services. Its offerings include the STARZ premium network, related linear television channels and the STARZ streaming platform, which provides original series, feature films and licensed entertainment content.

The company's programming has included original dramas, comedies and franchises, as well as a selection of theatrical and television movies. STARZ content is distributed through traditional pay-TV providers, digital platforms and direct-to-consumer subscriptions, with availability varying by market and distribution partner.

Starz was established in 1994 as a premium television service and was acquired by Lionsgate in 2016.

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